Ola Electric Shares Surge 20% Post-EV Scooter Launch

27 Nov 2024 , 03:18 PM

Following the company’s announcement of the launch of two new ranges of electric scooters, the lowest in Ola’s stable to date, starting at just Rs 39,000, shares of Ola Electric surged by 20%, reaching the upper circuit limit of Rs 88.16 on the BSE today.

Ola CEO Bhavish Aggarwal tweeted on X to announce the launch, saying, “Hello, Ola S1 Z & Gig range, beginning at low Rs 39K! It is accessible, reasonably priced, and now comes with a portable battery pack that uses the Ola PowerPod to function as a home inverter.

Reservations for the two EVs have already been made by Ola. Delivery of the scooters would start in April 2025, Bhavish added.

Following the launch of a cheap EV scooter, Ola Electric’s shares saw a 20% increase.

Following the company’s announcement of the launch of two new ranges of electric scooters, the lowest in Ola’s stable to date, starting at just Rs 39,000, shares of Ola Electric surged by 20%, reaching the upper circuit limit of Rs 88.16 on the BSE today.

Ola CEO Bhavish Aggarwal tweeted on X to announce the launch, saying, “Hello, Ola S1 Z & Gig range, beginning at low Rs 39K! It is accessible, reasonably priced, and now comes with a portable battery pack that uses the Ola PowerPod to function as a home inverter.

Reservations for the two EVs have already been made by Ola. Delivery of the scooters would start in April 2025, Bhavish added.

Ola currently sells three scooters: the S1X (Rs 69,999), the S1 Air (Rs 1,00,499), and the S1 Pro (Rs 1.34 lakh).

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